SteelPeak Wealth LLC Trims Holdings in Philip Morris International Inc. $PM

Key Points

• SteelPeak Wealth LLC has significantly reduced its holdings in Philip Morris International by 50.5%, selling over 33,000 shares, leaving them with approximately 32,528 shares worth about $5.97 million.
• Philip Morris International has raised its quarterly dividend from $1.35 to $1.47 per share, resulting in an annualized dividend yield of 3.8%.
• Analyst sentiments on Philip Morris are generally positive, with a consensus rating of "Moderate Buy" and a price target averaging around $195.44.

SteelPeak Wealth LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 50.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,528 shares of the company's stock after selling 33,218 shares during the period. SteelPeak Wealth LLC's holdings in Philip Morris International were worth $5,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Charter Oak Capital Management LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $206,000. RDA Financial Network bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $218,000. Finally, Miracle Mile Advisors LLC raised its holdings in shares of Philip Morris International by 2.2% in the 1st quarter. Miracle Mile Advisors LLC now owns 4,233 shares of the company's stock valued at $672,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Citigroup restated a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. Weiss Ratings restated a "buy (b)" rating on shares of Philip Morris International in a report on Saturday, September 27th. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, KGI Securities assumed coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an "outperform" rating for the company. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average price target of $195.44.

Philip Morris International Stock Up 0.2%

Shares of Philip Morris International stock opened at $153.52 on Tuesday. The firm's 50 day moving average price is $164.73 and its 200-day moving average price is $168.77. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a market cap of $238.97 billion, a P/E ratio of 29.19, a PEG ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. The company's quarterly revenue was up 7.1% compared to the same quarter last year. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.8%. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's payout ratio is presently 111.79%.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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